Murphy to sell 30% stake in Malaysian assets

摘要

US oil independent Murphy Oil will sell 30% of its Malaysian oil and gas producing assets for $2 billion to Indonesia’s state-owned Pertamina to finance its operations in Texas’ Eagle Ford Shale, among other North American plays. “The transaction allows us to re-deploy the proceeds through an individual or combina- tion of strategic and financial initiatives such as increased drilling capital in the Eagle Ford Shale, acquisition opportunities, debt reduction and share repurchases,” Murphy CEO Roger Jenkins said.